1203/83 Flemington Road, North Melbourne VIC 3051
1203/83 Flemington Road, North Melbourne VIC 3051
3 bed 2 bath 2 car on level 12 | wraparound terrace with city views | larger than typical inner-city apartment | suited to downsizers and professionals
This apartment is competitively rare for North Melbourne due to its combination of three bedrooms, two bathrooms, and two car spaces within a 115 square metre internal area, which is significantly larger than standard inner-city stock. The wraparound terrace and city-facing orientation on level 12 add a premium outlook that is uncommon in this density zone. It is best suited to owner-occupiers such as downsizers or professional households seeking CBD-fringe space and parking, rather than typical investors targeting smaller formats.
The building’s age and full amenity schedule are not confirmed from available information, which may affect perceived value if the development lacks modern facilities like a pool or gym. The property’s location on a major road could introduce traffic noise that some buyers might weigh against the city views. The asking rent of $1,100 per week signals strong demand from executive renters, but a buyer should verify whether this income level is sustainable given the suburb’s typical rental profile.
Detailed Independent Property Report prepared by PropCred Analyst team for 1203/83 Flemington Road, North Melbourne VIC 3051
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✓
Market Insight
North Melbourne’s prime inner-city positioning ensures strong demand from young professionals and students, drawn by its proximity to employment hubs and established transport links. This demographic is fuelling a robust rental market with tight vacancy, supporting attractive yields, particularly for units which are experiencing solid growth. While house prices have faced recent headwinds, the suburb’s ongoing gentrification and constrained listings underpin its long-term appeal. Key risks include increasing new supply which may temper price growth and persistent affordability pressures in the higher-priced housing segment.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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